Overview

• SEBI approved the IPOs for GNG Electronics, Glottis and Amanta Healthcare following observation letters issued between June 16 and 20.
• GNG Electronics will raise Rs 450 crore through fresh equity and an offer-for-sale of 51 lakh promoter shares, finalizing a process initiated with a December 2024 draft and revised in March.
• Glottis is set to mobilize Rs 160 crore through a new equity issue and an OFS of 1.45 crore shares by promoters Ramkumar Senthilvel and Kuttappan Manikandan.
• Amanta Healthcare will issue up to 1.25 crore fresh shares to fund the expansion of its parenteral and other medical device product lines.
• The IPOs will conclude with listings on both the BSE and NSE, bringing all three companies into the public equity market.